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taxes on unemployment benefits

Unemployment's terrible tax surprise

May 11, 2009 by Kay Bell with 111 views

The only thing worse than having to collect unemployment is having to pay taxes on it. That's right, Uncle Sam considers this last-resort money as taxable income. This tax fact is a surprise to many laid-off workers. And the ranks of folks facing the dual shock of losing a job and then owing the IRS money on unemployment benefits keeps... [read more]

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